Federal Reserve’s 2024 plans could create headwinds for Bitcoin

2023-8-13 11:00

Quick Take

The market anticipates continuity in the Federal Reserve’s pause for the remainder of the year, as suggested by current trends. The resurgence of Consumer Price Index (CPI) and Producer Price Index (PPI) inflation rates has activated a reevaluation of these expectations. Prevailing market sentiments are pricing in 125 basis points worth of rate cuts in 2024, setting the bar between 400-425 bps by the end of 2024.

This is a clear indication of a market correction in anticipation of potential rate cuts, with the Fed’s stance for 2024 being a key determinant. Should the Fed not follow through with rate cuts in 2024, it could trigger a repricing of equities markets. Such a repricing could generate a fresh ripple effect, creating possible headwinds for Bitcoin and other similar assets.

It’s crucial to keep an eye on the Fed’s actions which have the propensity to influence a broad spectrum of markets, further underscoring the interconnectivity between conventional finance and the ever-evolving world of cryptocurrencies.

Probabilities: (Source: CME)

The post Federal Reserve’s 2024 plans could create headwinds for Bitcoin appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Blockchain Index (BLX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 BLX

index federal price reserve cpi resurgence current

index federal → Результатов: 45


Dow Rises Defiantly as Dismal Manufacturing Data Threaten Economy

The Dow plodded toward a moderate gain on Thursday after the index emerged unscathed from another batch of third-quarter corporate earnings reports. The stable earnings helped fortify the Dow against more dismal manufacturing data, which could spur more Federal Reserve interest rate cuts but may also presage an economic slowdown or even a full-blown recession.

2019-10-24 16:38


Dow Futures Plunge 200 Points while Fed Chair Powell Claps Back at Trump

The Dow stands poised to suffer a sixth-consecutive loss ahead of Monday’s opening bell, with the US stock market bellwether enduring a triple-digit beating in the futures markets. All fingers are pointing to Boeing as the source of the index’s woes, but Federal Reserve Chair Jerome Powell’s comments about President Donald Trump in a 60 Minutes interview could have far more impact over the long-term.

2019-3-11 15:55